People
Senior exit heralds DrKW trouble?
People news
Fiat: ‘unroadworthy’
Credit of the month
An end to easy money
Cover story
The perspective from France
French focus
Choosing a different path
Warrants
The time is right
Hedge funds
Playing catch-up
Technology
Dealing with the flak
Profile
AIB’s Rusnak put false trades into SunGard’s Devon system
TECHNOLOGY NEWS
ORX loss database expected to start soon
TECHNOLOGY NEWS
Losses and lawsuits
LOSS DATABASE
Banks see little to learn from AIB control failures
FRONT PAGE NEWS
Catch 22 for corporate liquidity
Companies facing relatively minor business difficulties are being shut out of the commercial paper market, forcing their treasurers to scramble for alternative financing to avoid insolvency. Is there any way to manage this liquidity risk?
Capital thinking
Manuel Méndez aims to have BBVA among the first to qualify for Basel II’s advanced risk capital approaches.
Job moves
QUOTE OF THE MONTH: - “I have come to you with a problem – we need to outsource our balance-sheet funding” From an e-mail sent last year by John Rusnak to an unnamed counterparty, referring to his deep-in-the-money options trades, or ‘synthetic loans'.
Corporate disclosure | Exposing exposures: how far will it go?
The Enron debacle has spurred investors and creditors to press for greater disclosure of corporate risk and hedging strategies. Companies are beginning to respond. How far will it go? Naomi Humphries reports
Fannie and Freddie – a look under the lid
Fannie Mae and Freddie Mac are two of the largest and most sophisticated participants in the US interest rate derivatives market. But criticism of their risk management has been growing. Is the market safe?